Tetra Pak announced the acquisition of Switzerland-based Miteco, a leading provider of production solutions for soft drinks, fruit juices and liquid food, with a particular strength in carbonated soft drinks. Established in 1982, Miteco is a privately held company with 70 employees across sites in Switzerland, Italy, UK and South America.
“The acquisition of Miteco positions Tetra Pak as a world leader in production solutions for carbonated soft drinks, with an unrivalled product portfolio backed by strong technical support and broad geographic presence,” said Tim High, executive vice president of Tetra Pak Processing Systems. “It also extends the company’s beverage production capabilities in a number of key areas, including sugar handling, dissolving, refining, mixing and blending beverage ingredients, providing an important complement to our existing portfolio of processing solutions.”
The acquisition by Tetra Pak will extend Miteco’s current global reach, due to Tetra Pak’s established business presence in more than 170 countries worldwide.
“We are confident that becoming part of Tetra Pak will allow the Miteco business to continue to grow,” Guillermo Fernandez, sales and operations director of Miteco, said. “Tetra Pak’s global presence, plus the combined knowledge and skills of our two companies, promise improved solutions and better services for both existing and future customers worldwide.”